REI Lense

REI Lense

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$2,559 (target)

2 Heron Isle Ct, Ocean Pines, MD 21811

3 beds • 2 baths • 1571 sqft

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This property looks like a bad Long-Term investment with a projected -7.64% first-year return on $84,777 initial cash invested.

-7.64%

Cash On Cash

4.78%

Cap Rate

0.8

DSCR

$2,559

Rent

-$540

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,559 income − $3,099 expenses = $540 out of pocket

Income$2,559Out of Pocket$540Mortgage P&I$2,01979%Property Taxes$2199%Insurance$1144%HOA$813%Management$25610%CapEx$1285%Vacancy$1546%Maintenance$1285%

Investment Breakdown

|

Purchase Price

$404k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,777

Downpayment

20%

$80,740

Closing costs

1%

$4,037

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,559

Total Expenses

$3,099

Mortgage P&I

79%

$2,019

Property Taxes

9%

$219

Home Insurance

4%

$114

HOA

3%

$81

Property Management

10%

$256

CapEx

5%

$128

Vacancy

6%

$154

Maintenance

5%

$128

Other

0%

$0

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